After the underwhelming results of phase 1, Round One can raise the bar in terms of expectation once again. CNH published the results of phase 2 on September 30, revealing that three out of five tendered blocks were successfully awarded.

The Italian firm ENI International won the first block, where the Amoca, Miztón, […]

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Investors are delighted. Yesterday, the information related to deepwater seismic studies and well packages, including guidelines, specifications, procedures, cost, and required forms was released by CNH. A total of 55 wells off the coasts of Tamaulipas, Veracruz, and Tabasco will be tendered in 20 blocks. This information is situated in the data room and has been divided […]

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This Friday, the 15th of September, the Ministry of Finance and Public Credit set the requirements for the second phase of Round One. This round concerns the allocation of five production-sharing contracts for 14 shallow water blocks off the coasts of Tabasco, Campeche, and Veracruz. These are no longer exploratory fields, but rather proven reserves, […]

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The third phase of Round One is expected to be a detonator for the national oil industry by attracting many small firms, particularly national players, interested in becoming operators. The heightened interest in this round could be explained by certain changes that have been implemented. Firstly, Round One L-03 no longer focuses on companies’ financial […]

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